Which one of the following events would not require a journal entry on a corporation's books?
A) 2% stock dividend
B) 100% stock dividend
C) $1 per share cash dividend
D) 2 for 1 stock split

Question

Quizplus · Accepted Answer

A 2 for 1 stock split does not require a journal entry because it does not affect the total equity of the company; it only increases the number of shares while reducing the par value per share.

Which One of the Following Events Would Not Require a Journal